Ryanair leaves London Stock Exchange over EU ownership rules

He added: “We must be EU-owned and controlled, and delisting from London is a reasonably small initiative in that strategy.”

Mr O’Leary also confirmed that even after taking steps to limit non-EU ownership only just over a third of the company’s shares belonged to shareholders in EU member states.

Rules around foreign ownership are present in other countries such as the US and date back to a 1944 convention, the Chicago Convention, which laid out many of the rules governing air transport.

However many in the air industry have accused foreign ownership rules of being archaic and called for them to be liberalised.


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